Practices For Sale

Ref# 5206

Toronto

This is an excellent opportunity for a first-time purchaser.  The office opened in 2016, and in 2020, our client purchased it as their first practice.

Our client has decided to purchase a more complex practice outside of the City (over 15km away), which is the reason for the sale.  This was a wonderful opportunity for our client to enter ownership and successfully grow the office, and now a new owner can take it further.

The area is a mix of young families, professionals, and retired couples.  The neighbourhood itself is in transition, offering rich opportunities for current and new residents.  Located on the main street with excellent visibility and with ample foot traffic due to restaurants, cafes, and shops drawing people to the multicultural area.  The location offers excellent and continued growth with new residential construction in the immediate area.

The 1,300 sq. ft. facility consists of 2 fully equipped operatories with a 3^rd plumbed out.  The clinic offers 33 dentist hours and 11 hygiene hours per week.  A recent marketing program has increased the new patients to an average of ~30/month.  The vendor refers out ~20 procedures monthly, consisting of molar endos, orthodontics, and periodontal treatments.

When our client first acquired this clinic, they decided to perform the complete recall appointment so that the relationship with the patients could be transferred successfully.  A part-time hygienist has been employed since 2023.  Our client works 20 hours a week, while an associate works 13 hours weekly.  The team consists of 1 hygienist, 1 assistant, and 2 receptionists (likely one is full-time and the other part-time).

The practice has an excellent lease with no demolition clause and renewals until 2036.

Highlights of this practice include:

•  Approximately 800 active patients
• Assignment practice with over 80% of patients having comprehensive insurance
• Excellent collection policy as evidenced by low A/R
• Completely digital office
• Room to expand hours
• High traffic established neighbourhood with a strong mix of residential, retail, and commercial economic activity
• Excellent location easily accessible by public transportation

Additional Purchaser/Advisor Information:

• A Practice Profile and Virtual Tour will be provided within 48 hours of your request
• A Confidential Open (by appointment) will be hosted on Sunday, April 27^th
• The Appraisal will be provided on Tuesday, April 29^th
• Offers are due on or before Monday, May 12^th at 5 PM
• ROI Corporation will prepare your offer on our standard form for your lawyer’s review

For more information or to schedule your appointment, please contact Jackie Joachim, COO & Sales Representative, and/or Constance Walker, Sales Representative.